Medical, pension payments up in 2014

Medical premiums for all but low-income B.C. residents go up again with the start of a new year.

Medical Services Plan premiums go up four per cent effective Jan. 1

Medical premiums for all but low-income B.C. residents go up again with the start of a new year.

The B.C. government is increasing its Medical Services Plan premiums for the fifth straight year, by four per cent across the board. The Canadian Taxpayers’ Federation released its annual survey of tax and other payroll deductions Monday, calculating that MSP premiums in B.C. have risen 28 per cent since 2010.

Effective Jan. 1, the monthly health premium for a single person rises from $66.50 to $69.25. In 2014, families of two pay $125.50, up from $120.50, and families of three or more pay $138.50, up from $133.00.

Many full-time employees have their MSP premiums paid by their employer. People earning $30,000 or less are eligible for reduced premiums on a sliding scale, with premiums eliminated for those earning $22,000 a year or less.

The B.C. government has used the increased MSP revenues to offset the long-term growth of health care costs, which are approaching half of the total provincial budget.

Finance Minister Mike de Jong’s 2013 budget projected health spending to increase 2.3 per cent in the current fiscal year, 2.7 per cent in the year beginning April 1 and only 2.2 per cent the following year. The government’s critics called that unrealistic after years of increases of more than five per cent.

The CTF reports that Canada Pension Plan and Employment Insurance payments are also going up for many people, despite a federal government pledge to freeze EI premiums for three years.

In its New Year Tax Changes report, it calculates that maximum EI premiums will go up $23 in 2014, totalling $914 for the year.

The maximum employee Canada Pension Plan deduction, charged to those earning $52,500 or more, goes up $70 to $2,426. Employers match employee CPP payments dollar for dollar.

Just Posted

Wet’suwet’en clan launches civil lawsuit against Coastal GasLink

Gidimt’en seeking damages and costs over destruction of logging road encampment and gate

Canfor looking at possible repurposing of Vavenby sawmill site

Company open to suggestions on what the site could be used for

Lacarya ladies golf report for July 10

Weather gods kindly provided a dry afternoon so 15 ladies could play at Lacarya Golf Course

NDP candidate wants to make communities more affordable

Gina Myhill-Jones also counts rich volunteer experience as an asset to her potential as a politician

VIDEO: Missing teens named as suspects in three northern B.C. killings

Kam McLeod and Bryer Schmegelsky are wanted in the deaths of Lucas Fowler, Chynna Deese, unknown man

Memorial bench painted by Vancouver woman to stay in park for now

Park board to look at options for artistic enhancements on commemorative benches

VIDEO: Man found dead near B.C. teens’ truck could be linked to a double homicide

RCMP said they are looking for Kam McLeod, 19, and Bryer Schmegelsky, 18, of Port Alberni

Weather Network’s anti-meat video ‘doesn’t reflect true story’: cattle ranchers

At issue is the video’s suggestion that cutting back on meat consumption could help save the planet

VIDEO: Young couple found dead in northern B.C. had been shot, police say

Chynna Noelle Deese of the U.S. and Lucas Robertson Fowler of Australia were found along Highway 97

Wrestling legend finds his wedding dance groove in B.C.

Professional wrestler Chris Jericho posted on social media that he was in Penticton recently

Horgan hints at Daylight Saving Time changes after record survey response

More than 223,000 online surveys were submitted in the government’s public consultation

Coroner investigating after body recovered from Okanagan Lake

Penticton fire department assisted the RCMP with the recovery of a body Saturday

Overdoses overwhelming in B.C. Interior

Part two: Who’s affected by the current opioid crisis

Most Read